Sandy relief concert tickets being resold at huge markups - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

Superstorm Sandy

Sandy relief concert tickets being resold at huge markups

Posted: Updated:
MYFOXNY.COM -

Bruce Springsteen, Billy Joel, and Alicia Keys are just a few of the big-name acts banding together with the Robin Hood Foundation to raise millions of dollars for victims of Superstorm Sandy at the 12-12-12 Sandy benefit concert at Madison Square Garden.

But now there are concerns that some of the money from tickets sales will go to lining scalpers' pockets, instead of rebuilding hard-hit areas.

Tickets for the event were originally priced from $150 to $2,500. But Fox 5 found some relisted for more than 5 times or 10 times the face value on sites like StubHub. One floor seat ticket is even going for $60,000.

StubHub said it will donate all of its proceeds from the ticket re-sales to Sandy recovery. But that is only a tiny percentage of what resellers stand to make on tickets that are marked up way above face value.

StubHub released this statement: "We have great sympathy for the charitable goals of the 12-12-12 Sandy Relief concert and, as has been reported, StubHub will be donating all service fees and commissions for the event to the Robin Hood Relief fund, the intended beneficiary of the concert. The StubHub marketplace does not technologically operate with price controls and restrictions and given that limitation we believe that StubHub offers the most consumer-friendly ticketing platform and keeping the marketplace open will maximize the financial contribution to this critically important charity. We intend to continue to allow resale for this event and encourage all ticket sellers to donate a share of proceeds to the charity as well."

  • Manhattan NewsManhattan NewsMore>>

  • Lyft to start New York City service after deal with officials

    Lyft to start New York City service

    Friday, July 25 2014 4:06 PM EDT2014-07-25 20:06:49 GMT
    The on-demand ride-sharing app Lyft says it is starting limited service in New York City after reaching agreement with state and city officials to resolve regulatory issues. New York's attorney general and Department of Financial Services say the company agreed to operate "in full compliance" with existing laws and regulations, and that it will start its city service Friday night with commercial drivers only.
    The on-demand ride-sharing app Lyft says it is starting limited service in New York City after reaching agreement with state and city officials to resolve regulatory issues. New York's attorney general and Department of Financial Services say the company agreed to operate "in full compliance" with existing laws and regulations, and that it will start its city service Friday night with commercial drivers only.

  • The Big Idea

    Making New York City more energy efficient

    Making New York City more energy efficient

    Friday, July 25 2014 12:32 PM EDT2014-07-25 16:32:18 GMT
    More than half the population of New York City rides public transportation to work. No other metropolis in this country even approaches that percentage or the MTA's total number of riders. For that reason, New York likely ranks as the most energy-efficient city in the nation. But what would it take to make the city even more energy-efficient or even self-sufficient?
    More than half the population of New York City rides public transportation to work. No other metropolis in this country even approaches that percentage or the MTA's total number of riders. For that reason, New York likely ranks as the most energy-efficient city in the nation. But what would it take to make the city even more energy-efficient or even self-sufficient?
  • Outdoor basketball courts losing popularity

    Outdoor basketball courts losing popularity

    Friday, July 25 2014 8:35 AM EDT2014-07-25 12:35:16 GMT
    Believe it or not this, some say New York's outdoor basketball courts are a dying entity. Even Rucker Park in Harlem -- where Dr. J and countless others honed their skills -- used to be standing room only all times of the day. Now there's plenty of room to stand on most days.Basketball programs like one at Chelsea Piers are gaining popularity. That means the place to hoop it up for many appears to be indoors.
    Believe it or not this, some say New York's outdoor basketball courts are a dying entity. Even Rucker Park in Harlem -- where Dr. J and countless others honed their skills -- used to be standing room only all times of the day. Now there's plenty of room to stand on most days.Basketball programs like one at Chelsea Piers are gaining popularity. That means the place to hoop it up for many appears to be indoors.
Powered by WorldNow

KTBC FOX 7
119 East 10th Street
Austin, TX 78701

Phone: (512) 476-7777
Fax: (512) 495-7001

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices